Credit Card Payoff Calculator

This calculator is designed to provide you with a payoff schedule for your credit card bills. The calculator will demonstrate how many months it will take to pay off your credit card bills, and the potential interest you may pay over that time. The calculator bases this on your Total Credit Card Amount Due, Annual Percentage Rate (APR) and your Total Monthly Payments.

After you have been provided with your payoff schedule, you have to option to enter your name and email to see the potential savings from a NonProfit Management Plan.

$

Enter the amount due on credit card bills you currently hold. The average American household currently holds over $15,500 on credit cards.X

Please enter your total credit card debt.

%

This is the rate of interest you are paying on your current balance. Represented as the Annual Percentage Rate (APR). The average APR is usually 18%.X

Please enter your approximate APR.

$

Enter the total amount you’d like to pay on your credit card each month. The monthly minimum charged by your credit card company is usually between 2-3% of your total due.X

Please enter how much you plan on paying monthly.

Pay Off Schedule

ON YOUR OWN

(debt management plan)

Average Interest Rate

This is the rate of interest you are paying on your current balance. Represented as the Annual Percentage Rate (APR). The average APR is usually 15%.

0%

0%

Monthly Payment

The total amount you’d like to pay on your credit card each month. The more you pay each month, the less you’ll owe over time.

$0

$0

Total Interest Charges

The total interest paid over time based on your current balance and monthly payment. Does not account for additional fees and interest rate changes.

$0

$0

Months to Pay Off

This is an estimate of how many months it will take to pay off the current balance based on the monthly payments entered. This number is based on consistent monthly payments at current APR, without further credit card use.

0 months

0 months

Total Savings

This demonstrates the potential interest saved by using a NonProfit Management Plan compared to paying off your balance on your own.

$0

save$0with a debt management plan

See how much a Debt Management Plan could save you.

Your privacy is important to us

The monthly payment you entered suggests that you will be able to pay off your credit card bills without being charged interest by your credit card company. You may not need a NonProfit Management Plan.
If you'd like to try again, to see how a NonProfit Management Plan can help you save, hit the reset button, and re-enter your monthly payment.

These figures are estimates based on other CCMS clients. Talk to a CCMS credit counselor to see how much s/he can save you.

Pay Off Schedule

This is the rate of interest you are paying on your current balance. Represented as the Annual Percentage Rate (APR). The average APR is usually 15%.X

0%

Monthly Payment

The total amount you’d like to pay on your credit card each month. The more you pay each month, the less you’ll owe over time.X

$0

Total Interest Charges

The total interest paid over time based on your current balance and monthly payment. Does not account for additional fees and interest rate changes.X

$0

Months to Pay Off

This is an estimate of how many months it will take to pay off the current balance based on the monthly payments entered. This number is based on consistent monthly payments at current APR, without further credit card use.X

0 months

Total Savings

This demonstrates the potential interest saved by using a NonProfit Management Plan compared to paying off your balance on your own. X

$0

(debt management plan)

Average Interest Rate

This is the rate of interest you are paying on your current balance. Represented as the Annual Percentage Rate (APR). The average APR is usually 15%.X

0%

Monthly Payment

The total amount you’d like to pay on your credit card each month. The more you pay each month, the less you’ll owe over time.X

$0

Total Interest Charges

The total interest paid over time based on your current balance and monthly payment. Does not account for additional fees and interest rate changes.X

$0

Months to Pay Off

This is an estimate of how many months it will take to pay off the current balance based on the monthly payments entered. This number is based on consistent monthly payments at current APR, without further credit card use.X

0 months

Total Savings

This demonstrates the potential interest saved by using a NonProfit Management Plan compared to paying off your balance on your own. X

save$0with a debt management plan

See how much a Debt Management Plan could save you.

Your privacy is important to us

The monthly payment you entered suggests that you will be able to pay off your credit card bills without being charged interest by your credit card company. You may not need a NonProfit Management Plan.
If you'd like to try again, to see how a NonProfit Management Plan can help you save, hit the reset button, and re-enter your monthly payment.

These figures are estimates based on other CCMS clients. Talk to a CCMS credit counselor to see how much s/he can save you.